Just What Is the Corporate Director's Job? Active Investors' Perspectives on the Board Member's Job Description

For active short-term investors, the job of a corporate director is defined and dictated by the struggle between director primacy and shareholder primacy, The Conference Board Governance Center found during a roundtable including active investors and a public pension fund. In the third part of a series on the job description of a corporate director, participants also noted that board oversight is guided by specific long-term strategic planning and risk management processes and plans, authority-based decision making is the primary method corporate boards use during a crisis, and management will actively lobby large investors to stave off any replacement of directors in upcoming elections.